THE CORPORATIONS LAW

CHAPTER 2M - FINANCIAL REPORTS AND AUDIT

PART 2M.3 - FINANCIAL REPORTING

Division 2 - Half-year financial report and directors' report

SECTION 302   DISCLOSING ENTITY MUST PREPARE HALF-YEAR FINANCIAL REPORT AND DIRECTORS' REPORT  

302     A disclosing entity must:

(a)  prepare a financial report and directors' report for each half-year; and

(b)  have the financial report audited or reviewed in accordance with Division 3 and obtain an auditor's report; and

(c)  lodge the financial report, the directors' report and the auditor's report on the financial report with ASIC;

unless the entity is not a disclosing entity when lodgment is due.

Note 1:

This Chapter only applies to disclosing entities incorporated or formed in Australia (see subsection 285(2)).

Note 2:

See section 319 for the time for lodgment with ASIC.

Note 3:

Subsection 318 requires disclosing entities that are borrowers in relation to debentures to also report to the trustee for debenture holders.